Fund Evaluator:
Shelton Tactical Credit Investor (DEBTX)
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Best Performing in Nontraditional Bond Over the Last Year
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| 5.9% | Potomac Managed Volatility - Instl (CRMVX) |
| 5.5% | PGIM Absolute Return Bond Z (PADZX) |
| 5.2% | Shelton Tactical Credit Investor (DEBTX) |
Fund Details
Shelton Tactical Credit Investor Overview
Shelton Tactical Credit Investor (DEBTX) is an actively managed Taxable Bond Nontraditional Bond fund. Shelton Capital Management launched the fund in 2013.
The investment seeks current income and capital appreciation. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in various credit-related instruments. The fund may invest up to 100% of its net assets in any one of the categories of instruments included in the preceding sentence.
About Shelton Tactical Credit Investor (DEBTX)
There are 2 members of the management team with an average tenure of 8.15 years: Jeffrey Rosenkranz (2013), Peter Higgins (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Shelton Tactical Credit Investor has 59 securities in its portfolio. The top 10 holdings constitute 32.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Shelton Tactical Credit Investor is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Shelton Tactical Credit Investor has 9.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.1%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.9% (81.0% domestic bond, 9.8% foreign bond and 0.0% convertible bond). Shelton Tactical Credit Investor has 8.0% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $663 million average for the Nontraditional Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DEBTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Shelton Tactical Credit Investor expense ratio is high compared to funds in the Nontraditional Bond category. Shelton Tactical Credit Investor has an expense ratio of 0.99%, which is 30% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Shelton Tactical Credit Investor has a portfolio turnover rate of 107%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 308% for the Nontraditional Bond category.
Recently, in the month of June 2026, Shelton Tactical Credit Investor returned 0.9%, which earned it a grade of A, as the Nontraditional Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Shelton Tactical Credit Investor has a trailing yield of 5.49%, which is above the 4.89% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Shelton Tactical Credit Investor Grades
Year to date, the fund has returned 2.0%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 5.2% over the past year (grade of B), 6.7% over the past three years (grade of B) and 2.6% per year over the past five years (grade of C) and 3.4% per year over the past 10 years (grade of C).
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DEBTX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DEBTX Return (NAV) | 0.9% | 2.8% | 5.2% | 6.7% | 2.6% | 3.4% |
| DEBTX Grade | A | A | B | B | C | C |
| +/- Category | 0.8% | 1.2% | 0.3% | 0.7% | 0.0% | 0.1% |
| Nontraditional Bond Avg | 0.2% | 1.7% | 4.9% | 6.0% | 2.5% | 3.3% |
| DEBTX Tax Cost Ratio | na | na | 2.2% | 2.1% | 1.8% | 1.6% |
DEBTX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DEBTX Return (NAV) | 2.0% | 8.2% | 5.7% | 5.4% | -7.4% | 6.7% | 5.8% | 3.4% | 2.3% | 3.1% | 4.0% |
| DEBTX Grade | B | B | C | D | D | A | C | F | A | D | D |
| +/- Category | 0.5% | 1.4% | 0.2% | -1.1% | -1.4% | 5.4% | 0.3% | -3.1% | 3.1% | -1.0% | -2.4% |
| Nontraditional Bond Avg | 1.5% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 4.6% |
| Total Risk Index: | 0.38 - Low |
| Category Risk Index: | 1.30 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 0.71 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $60 Mil |
| Fund Total Assets: | $ 2 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 107% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.6 years | |||
| Average Tenure: 8.2 years | |||
| Managers (Year): Rosenkranz Jeffrey (2013), Higgins Peter (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 32.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 81.0% |
| Foreign Bond: | 9.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 8.0% |
Purchase Information
| Fund Family: | Shelton Capital Management |
| Phone Number: | 800-955-9988 |
| Website: | WWW.SHELTONCAP.COM |
| Status: | Open |
| Inception Date: | December 12, 2013 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | Shelton Tactical Credit Institutional |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
